Why this is mistaken
Indefinite means that current evidence supplies no foreseeable limit. Ask what future fact could establish one, then require the separate impairment route.
Where to watch
When this mistake may appear
- A renewable trade name or license has no presently supported limiting period.
Check your work
Your work may contain this mistake if:
- The answer says the asset lasts forever, omits life reassessment, or records no impairment review.